ADVERTORIAL

U.S. now main supplier of soybeans to E.U.

A recent report from the European Commission shows that the United States has become Europe’s main supplier of soybeans, reaching a 52% share compared with 25% in the same period last year.

In July, E.U. President Jean-Claude Juncker and U.S. President Donald Trump agreed to increase trade for several products, including soybeans.

From July through mid-September, soybean imports from the United States increased by 133% compared with the same period in 2017, according to the European Commission.

“I welcome the latest trade figures, which show we are delivering on the commitment made by Presidents Juncker and Trump to increase trade, particularly in relation to soybeans,” said the E.U.’s Commissioner for Agriculture, Phil Hogan. “This reflects both our longstanding trade relationship and the potential to achieve so much more by working together to build on that relationship.”

Brazil ranks second in soybean exports to the E.U. during the July-mid-September time period, with a 40% market share, followed by Canada (2.3%), Paraguay (2.3%) and Uruguay (1.7%). WG